45 Paloma ave, Venice, CA 90291
Active
$2,900,000
8 Units
5 Beds
8 Baths
3,944 Area(sq.ft.)
Lot: 3,901 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | studio | 1 | No | $ 1,503 | $ 9,021 | $ 9,400 |
| Unit 2 | 2 | 2 | 2 | No | $ 5,000 | $ 8,766 | $ 10,000 |
| 8 | 4 | 10 | $ 19,018 | $ 71,658 | $ 76,400 |
| MLS #: | 25553113 |
| Days On Market: | 172 |
| Listing Date: | June 16, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 735 |
| Price per unit: | $ 362,500 |
| Year Built: | 1920 |
Property Details
Paloma Realty Partners is proud to present 45 Paloma Avenue, an 8-unit value-add multifamily opportunity located just steps from the beach in the heart of Venice, one of Los Angeles' most sought-after rental markets. This offering includes eight existing units with the ability to add an ADU, with 3,944 SF of rentable space, situated on a 3,901 SF RD1.5-zoned lot. Positioned just minutes from Abbot Kinney, Rose Avenue, and the Venice Boardwalk, the property benefits from consistent tenant demand and walkable access to restaurants, shops, and major employment hubs. This is a compelling opportunity for investors seeking a stabilized Westside asset with value-add potential and built-in rent growth.The unit mix features 6 studios, and two two-bedrooms units. The seller has resided on the premises for 30 years, and the owners unit is a 2bd/2bth three story townhome with a private roof deck and ocean views. The property was updated in 2012 with new electrical, plumbing and roof throughout. With in-place income producing at a 5% cap rate and pro forma projections reaching 8%the asset provides both immediate yield and long-term upside. 50% LTV Seller financing available for qualified individuals, please connect with agents to learn more.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 214,985 |
| Total Annual Expense: | $ 68,474 |
| Net Operating Income: | $ 146,510 |
| Gross Annual Income: | $ 220,644 |
| Gross Rent Multiplier: | 13.14 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Three Or More |
| Security Features: | Exterior Security Lights, Gated |
| View Description: | Ocean |
| Water: | District |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | None |
Interior
| AC/Cooling: | None |
| Equipment: | Range/Oven, Dryer, Washer |
| Heating: | Floor |
| Laundry: | Community |
Exterior
Detailed Map
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